Trade information Latvia Trade information Latvia Latvia officially the Republic of Latvia is a country in Northern Europe. Latvia shares land borders with Estonia to the north and Lithuania to the south – and both Russia and Belarus to the east. The president is elected by the Saeima in a separate election also every four years. The 100-seat unicameral Latvian parliament, the Saeima, is elected by direct, popular vote every four years. Since the year 2000 Latvia has had one of the highest (GDP) growth rates in Europe.

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